Total monthly cost of ownership
Cost to Own a Home in Lakeview, Oregon
A $198,000 home here costs
$1,546per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,018. The real number is $528 higher every month — 52% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lakeview against Lake County and Oregon
| Measure | Lakeview | Lake County |
|---|---|---|
| Median home value | $198,000 | $219,400 |
| Median property tax | $1,445 | $1,407 |
| Effective tax rate | 0.730% | 0.641% |
| Median gross rent | $1,021 | $861 |
| Population | 3,043 | 8,254 |
The weather behind that power bill
Lakeview sits in Lake County, which averages a high of 89.0°F in its hottest month and a low of 22.6°F in its coldest, with 12.46" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 388 cooling and 6,248 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Lake County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
No other places of this size are published in Lake County.
Common questions
How much does it cost to own a home in Lakeview?
A $198,000 home in Lakeview, Oregon costs approximately $1,546 per month with 20% down at 6.66%. That is $1,018 principal and interest, $120 property tax, $29 homeowners insurance, $214 utilities and $165 set aside for maintenance.
What is the property tax rate in Lakeview?
Lakeview has an effective property tax rate of 0.730%, based on a median home value of $198,000 and median real estate taxes of $1,445. That is higher than the Lake County average of 0.641%.
What is the average home price in Lakeview?
The median owner-occupied home value in Lakeview, Oregon is $198,000, against $219,400 across Lake County.
Is it cheaper to rent or buy in Lakeview?
Median gross rent in Lakeview is $1,021 a month, against $1,546 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lakeview — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oregon.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.